Dogecoin (DOGE) Price Continues to Tease Bullish Momentum, Trading Just Below a Key Resistance Zone

Dogecoin (DOGE) price continues to tease bullish momentum, trading just below a key resistance zone as of May 26, 2025.

Dogecoin price has been teasing bullish momentum, trading just below a key resistance zone at $0.24. The latest charts from DailyFX suggest that DOGE could be nearing a decisive move.

Dogecoin (DOGE) Price Analysis: Awaiting Breakout or Breakdown

On the daily chart, Dogecoin is currently trading at $0.22699, showing a 1.74% increase for the last session. The price is seen pivoting between the 50-day SMA ($0.1891) and the 200-day SMA ($0.2711), a critical zone that usually determines mid-term direction.

Recently, DOGE has managed to reclaim the 100-day SMA ($0.2229), which is now acting as a crucial support for the next term. The upward curve of the 20-day SMA is also applying bullish pressure. This consolidation phase, often referred to as a “coiling pattern,” suggests that buyers are accumulating.

If we calculate the current DOGE price range between key support and resistance—which is $0.1891 to $0.2711—then a breakout above this channel could bring a 35% upside move. This aligns with the standard Fibonacci extension from the recent swing low to high.

Dogecoin price could be nearing a decisive move. Source: TradingView

On the hourly chart, after hitting a local high near $0.23 on May 23, Dogecoin price saw a steep decline but quickly found support around $0.222, which aligns with the 50-hour SMA. Currently, the price is trying to push above a tight resistance cluster formed by the 100-hour and 200-hour SMAs near $0.2278.

Momentum is neutral to slightly bullish. If DOGE can sustain above the $0.2285 level on strong hourly candles, then we could see a retest of $0.24. The short consolidation between $0.224 and $0.228 is forming a micro-ascending triangle, indicating that buyers are slowly stepping in.

Next Immediate Resistance: $0.23 Then $0.245

Based on Fibonacci pivot zones and moving averages, the next immediate resistance is at $0.23 and then $0.245. If bulls can push past this, the next target becomes $0.271, the 200-day SMA.

On the downside, support is seen at $0.222, then $0.215, and the lower bound of daily support sits around $0.189, which also aligns with the 50-day SMA. A break below $0.189 would cancel the bullish setup and possibly trigger a fall toward $0.15.

To quantify potential upside:

From the recent swing low to high, the 1.272 Fib extension level is around $0.245, and the 1.618 Fib extension becomes approximately $0.27.

For a downside scenario:

The 0.382 Fib support is around $0.189, and the 0.236 Fib level becomes roughly $0.15.

The risk-to-reward ratio currently favors a bullish move.

On the daily Heikin Ashi chart, recent candles show small bodies and upper wicks—classic signs of indecision. However, volume has been steady, not showing signs of panic selling. This suggests that most holders are not offloading their positions, reinforcing the idea of consolidation rather than reversal.

Hourly candles on May 26 show green momentum reappearing after a brief pause. If the next few hourly sessions close above $0.228, expect increased buying pressure.

Dogecoin Price Prediction: What’s Next?

Dogecoin price is in a classic squeeze zone. A breakout above $0.23 could open the gates to $0.245 and even $0.27 if volume surges. However, failure to hold $0.222 could send DOGE down to retest $0.20, and even $0.189.

Given current consolidation and moving average alignment, the bias is cautiously bullish. Traders should look for confirmation through a strong daily close above $0.23 with increasing volume.